from: http://www.economist.com/daily/news/displaystory.cfm?story_id=13005072&source=most_commented
The exchange rate shift will do little good to the US economy. Accordingly, it is reported domesticaly that Obama phoned Hu to talk about the currency policy, seeking a way to solve the dispute temporarily.
You can see the author of this essay is unbiased, basing on the reality and giving a relevant comment. Economists of this kind are rare. Recently, Li Yining put forward that the focus of economy strategy should be the employment rate, not the so called GDP growth, the latter one preferred by the CCP.
Wen is travelling Europe, showing off the confidence of CCP, while toasting that confidence belongs to all Chinese. Why I see the hardship in the circumstances and seek the confidence from my soul? Sigh.
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